Tag: baker hughes
Elcogen launches new high-volume solid oxide fuel cell factory in Europe to meet global demand for clean energy solutions
We are very pleased to announce that we have now officially opened ELCO I, a new state-of-the-art manufacturing facility on the outskirts of Tallinn, Estonia. The launch marks a pivotal step in scaling up the company’s role in the global energy transition.
Read moreWith a strategic investment from Baker Hughes, Elcogen closes its current funding round, raising overall €140m for scaling of its leading solid oxide technology for hydrogen
Combined with equity investment from Hydrogen One Capital Growth plc, HD Hyundai and Mirae, as well as projects granted from the European Commission, including an IPCEI project totaling more than €24m, and a proposed debt of €15m, Elcogen has now raised more than €140m for the continuous development and scaling of its market leading solid oxide technology, enabling affordable green hydrogen and accelerating the energy transition.
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